The Swiss franc gained ground against its U.S. and European counterparts in the European session on Wednesday.
The franc strengthened to a 2-week high of 1.2330 against the euro, rebounding from an early low of 1.2375.
The franc reached 0.9376 against the greenback for the first time since June 26. On the upside, the franc may seek resistance around the 0.924 level.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.